Business
Labubu maker Pop Mart flagged for global expansion potential; CGSI initiates coverage
[Hong Kong] CGS International (CGSI) has initiated coverage on Pop Mart’s stock with an “add” rating, citing the group’s transformation…
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Business
Business
Nvidia says US export controls on AI chips to China were ‘a failure’
The world’s second-largest economy to invest aggressively to develop a supply chain that does not rely on manufacturers outside the…
Business
Nvidia CEO praises Trump move to scrap some AI export curbs
US export controls on artificial intelligence (AI) chips to China were “a failure” as they have cost American companies billions of US…
Business
Toyota takes all-hybrid plunge with its best-selling US vehicle
Toyota Motor is scrapping the petrol-powered version of its best-selling vehicle in the US as the Japanese carmaker doubles down on its…
Business
Vietnam approves establishment of Sun PhuQuoc Airways
Vietnam’s Prime Minister, Pham Minh Chinh, has approved the establishment of a new airline, Sun PhuQuoc Airways, the official Vietnam News…
Business
Former Citigroup traders drop Hong Kong lawsuit on cost concerns
Two former Citigroup traders in Hong Kong abandoned their employment lawsuits after weighing the costs and difficulties of taking it to a…
Business
Temasek’s SeaTown to invest up to S$115 million in AddVita
SeaTown Holdings, an investment manager indirectly owned by Temasek, said on Wednesday (May 21) it is committing up to S$115 million in…
Business
SingPost names Teo Swee Lian as chairman-designate; Simon Israel to retire after 9 years at helm
She will assume the role at the conclusion of the postal services provider’s next annual general meeting Singapore Post (SingPost) has…
Business
Monetary Authority of Singapore MD says US$ assets irreplaceable
Factors that the market are paying attention to include any prospect for slower growth and higher inflation in America as well as cues on…
Business
PwC launches AI hub in Singapore with over US$4 million commitment
PwC launched an artificial intelligence (AI) hub in Singapore on Wednesday (May 21), committing more than US$4 million over a three-year…
Business
CapitaLand Investment launches 5 billion yuan China fund
CapitaLand Investment (CLI) on Wednesday (May 21) announced the launch of its first onshore master fund in China, the CLI RMB Master Fund,…
Business
Stocks to watch: CapitaLand Investment, CDL, SingPost, SIA Engineering, Delfi, SLB, Dasin Retail Trust
The following companies saw new developments that may affect trading of their securities on Wednesday (May 21). CapitaLand Investment…
Business
US sets the stage for duties on battery materials from China
The US Commerce Department set the stage for anti-subsidy duties on imports of key battery components from China, after concluding…
Business
Westpac to cut 1,500 jobs, simplify operations: report
The company says it regularly adjusts its workforce based on shifting investment priorities Westpac Banking Corp (Westpac) is planning to…
Business
Tesla on track to launch robotaxi trial in Austin, Texas, by June end, Musk says
Tesla is set to begin a test of its long-promised robotaxi service on schedule in Austin, Texas, by the end of June, chief executive Elon…
Business
Maybank Securities positive on MAS equities review given niche in mid-cap players: CEO Aditya Laroia
The Singapore government’s attempt to revive its local stock market is a much-needed move to boost Singapore’s financial hub status, and…
Business
Chanel profit tumbles as luxury industry downturn hits sales
Chanel profit plunged last year as the closely held company splurged on expanding its retail network and marketing to remain visible amid…
Business
Done Deal: Nordstrom Family, Mexico’s Liverpool Take Nordstrom Inc. Private
It’s a new era for Nordstrom Inc. and the Nordstrom family. Brothers Erik and Pete Nordstrom and their cousin Jamie, along with El Puerto…
Business
Europe: Shares close near nine-week high, powered by utility, telecom stocks
European stocks closed at near nine-week highs on Tuesday (May 20) with utilities and telecom firms leading gains, while some positive…
Business
US: S&P 500 falls after six straight positive sessions
Wall Street stocks retreated on Tuesday (May 20) as markets tracked congressional debate on US President Donald Trump’s tax cut proposal…
Business
The Power of Purpose: How Tiffany Banks Transforms Personal Struggles into Public Impact
Tiffany Banks’ leadership journey is not just about climbing the ladder—it’s about building new ones for others to climb. Long before her…
Business
Kering Eyewear Partners With Google to Develop AI-powered Smart Glasses With Android XR
MILAN — In a major new development for Kering Eyewear, the company revealed on Tuesday that it has inked a partnership with Google for the…
Business
RH Poaches Lisa Chi From Furniture Peer Arhaus, Aims to ‘Elevate’ Products and Platform
MILAN — As RH inches closer to its goal of becoming a true American luxury furniture brand, it announced that it’s bolstering its creative…
Business
UBS to open Abu Dhabi office as more clients move to Mideast
Abu Dhabi has emerged as a magnet for the world’s wealthiest people over the past few years Group is opening a new office in Abu Dhabi as…